Large car brands such as BYD, Toyota and Yamaha are starting to accept $USDT across as official currency in Bolivia, according to Paolo Ardoino’s post on X.
The CEO of world’s largest stablecoin expressed:
This is an attempt to preserve the value of the products originally marked in the Bolivian Boliviano, following challenges with domestic gas production, fx reserves, as well as new presidential elections.
More and more companies are choosing to price their items in a more stable digital currency with better liquidity, with Tether’s $USDT leading the emerging markets category as the choice over other stablecoins.
Bolivia’s 2024 data included a $9,844 value of Purchasing Power Parity in relation to GDP, which ranked the country well below average ($27,291) at 118th position worldwide (per The Global Economy data).
Also, the IMF (International Monetary Fund) estimates a 16.77% inflation forecast for 2026.
